Comments on: The sexy world of legislation: SB 385 and its implications on mortgage lending in California http://blownmortgage.com/2007/06/10/the-sexy-world-of-legislation-sb-385-and-its-implications-on-mortgage-lending-in-california/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sun, 08 Nov 2009 16:51:22 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Markus Arelius http://blownmortgage.com/2007/06/10/the-sexy-world-of-legislation-sb-385-and-its-implications-on-mortgage-lending-in-california/comment-page-1/#comment-282 Markus Arelius Thu, 14 Jun 2007 16:24:11 +0000 http://blownmortgage.dreamhosters.com/?p=381#comment-282 Morgan, With OC median incomes registering somewhere between $69K and $77K (depending on the source), what impact do you believe the new SB 385 lending restrictions will have on home prices? I've often wondered what percentage of a single family home's perceived value in OC (currently $635K is median for all homes including condos) is due to the previous "easy access" to unconventional mortgage financing instruments? Morgan,
With OC median incomes registering somewhere between $69K and $77K (depending on the source), what impact do you believe the new SB 385 lending restrictions will have on home prices? I’ve often wondered what percentage of a single family home’s perceived value in OC (currently $635K is median for all homes including condos) is due to the previous “easy access” to unconventional mortgage financing instruments?

]]> By: Schahrzad Berkland http://blownmortgage.com/2007/06/10/the-sexy-world-of-legislation-sb-385-and-its-implications-on-mortgage-lending-in-california/comment-page-1/#comment-283 Schahrzad Berkland Mon, 11 Jun 2007 17:56:11 +0000 http://blownmortgage.dreamhosters.com/?p=381#comment-283 Morgan, how do you think this will impact mortgage companies and the housing market? Do you have any word yet from your warehouse lenders about this, or do you get notified only after the bill is passed? Morgan, how do you think this will impact mortgage companies and the housing market?

Do you have any word yet from your warehouse lenders about this, or do you get notified only after the bill is passed?

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